Quadrature Capital Ltd Increases Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

Quadrature Capital Ltd boosted its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 30.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,736 shares of the company’s stock after purchasing an additional 6,198 shares during the period. Quadrature Capital Ltd’s holdings in Kodiak Gas Services were worth $537,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its holdings in shares of Kodiak Gas Services by 20.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,279,636 shares of the company’s stock worth $25,695,000 after acquiring an additional 215,570 shares during the period. Invesco Ltd. grew its stake in shares of Kodiak Gas Services by 1.0% in the 3rd quarter. Invesco Ltd. now owns 1,009,550 shares of the company’s stock worth $18,051,000 after buying an additional 9,550 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Kodiak Gas Services by 504.9% in the 3rd quarter. Vanguard Group Inc. now owns 967,799 shares of the company’s stock worth $17,304,000 after buying an additional 807,799 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Kodiak Gas Services by 48.3% in the 4th quarter. Russell Investments Group Ltd. now owns 452,710 shares of the company’s stock worth $9,090,000 after buying an additional 147,455 shares during the last quarter. Finally, Walleye Capital LLC purchased a new stake in shares of Kodiak Gas Services in the 3rd quarter worth approximately $3,374,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KGS. The Goldman Sachs Group upped their price target on Kodiak Gas Services from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Truist Financial upped their price objective on Kodiak Gas Services from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Royal Bank of Canada upped their price objective on Kodiak Gas Services from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, May 20th. JPMorgan Chase & Co. upped their price objective on Kodiak Gas Services from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Finally, Raymond James upped their price objective on Kodiak Gas Services from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $28.14.

Kodiak Gas Services Trading Up 0.2 %

KGS opened at $26.10 on Friday. The firm has a market cap of $2.20 billion and a P/E ratio of 29.66. Kodiak Gas Services, Inc. has a 12 month low of $15.05 and a 12 month high of $29.43. The company has a current ratio of 1.11, a quick ratio of 0.76 and a debt-to-equity ratio of 1.60. The stock has a 50-day moving average of $27.02 and a 200 day moving average of $24.73.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Wednesday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. Kodiak Gas Services had a return on equity of 7.33% and a net margin of 7.15%. The business had revenue of $215.50 million during the quarter, compared to analyst estimates of $220.55 million. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, research analysts forecast that Kodiak Gas Services, Inc. will post 1.81 EPS for the current year.

Kodiak Gas Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 13th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.82%. Kodiak Gas Services’s payout ratio is 172.73%.

Kodiak Gas Services Company Profile

Kodiak Gas Services, Inc operates contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Compression Operations and Other Services. The Compression Operations segment operates company-owned and customer-owned compression infrastructure to enable the production, gathering, and transportation of natural gas and oil.